Millstreet Capital Management Sells 20,000 Shares of Diebold Nixdorf (NYSE:DBD) Stock

Diebold Nixdorf, Incorporated (NYSE:DBD) major shareholder Millstreet Capital Management sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $60.11, for a total value of $1,202,200.00. Following the completion of the transaction, the insider owned 6,007,361 shares in the company, valued at approximately $361,102,469.71. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Diebold Nixdorf Trading Up 1.6%

NYSE:DBD opened at $60.06 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.91 and a current ratio of 1.36. Diebold Nixdorf, Incorporated has a one year low of $34.88 and a one year high of $63.46. The business’s 50-day simple moving average is $59.73 and its 200 day simple moving average is $51.38. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -176.63 and a beta of 1.68.

Diebold Nixdorf (NYSE:DBD) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.01). Diebold Nixdorf had a negative net margin of 0.35% and a positive return on equity of 7.92%. The firm had revenue of $915.20 million for the quarter, compared to analyst estimates of $879.57 million. As a group, sell-side analysts predict that Diebold Nixdorf, Incorporated will post 4.59 earnings per share for the current fiscal year.

Diebold Nixdorf announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the technology company to buy up to 4.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DBD shares. Wedbush increased their price target on Diebold Nixdorf from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. DA Davidson reiterated a “buy” rating and set a $80.00 price target on shares of Diebold Nixdorf in a research report on Tuesday, August 19th. Finally, Wall Street Zen upgraded Diebold Nixdorf from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $75.00.

Hedge Funds Weigh In On Diebold Nixdorf

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AlphaQuest LLC boosted its stake in Diebold Nixdorf by 3,621.4% during the 2nd quarter. AlphaQuest LLC now owns 521 shares of the technology company’s stock valued at $29,000 after purchasing an additional 507 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Diebold Nixdorf by 325.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,150 shares of the technology company’s stock valued at $50,000 after purchasing an additional 880 shares in the last quarter. State of Wyoming bought a new position in Diebold Nixdorf during the 1st quarter valued at $54,000. Harbor Capital Advisors Inc. boosted its stake in Diebold Nixdorf by 182.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,434 shares of the technology company’s stock valued at $63,000 after purchasing an additional 926 shares in the last quarter. Finally, CWM LLC boosted its stake in Diebold Nixdorf by 193.3% during the 2nd quarter. CWM LLC now owns 1,320 shares of the technology company’s stock valued at $73,000 after purchasing an additional 870 shares in the last quarter. 97.04% of the stock is owned by institutional investors.

Diebold Nixdorf Company Profile

Diebold Nixdorf, Incorporated engages in the automating, digitizing, and transforming the way people bank and shop worldwide. It operates through two segments, Banking and Retail. The company offers cash recyclers and dispensers, intelligent deposit terminals, teller automation tools, and kiosk technologies, as well as physical security solutions; and front-end applications for consumer connection points and back-end platforms that manage channel transactions, operations and integration, and facilitate omnichannel transactions, endpoint monitoring, remote asset management, customer marketing, merchandise management, and analytics.